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The latest update is out from IDFC First Bank Ltd. ( (IN:IDFCFIRSTB) ).
IDFC First Bank Limited has had its credit ratings reaffirmed by Crisil Ratings, maintaining a ‘CRISIL AAA/Stable’ rating for its fixed deposits, ‘CRISIL A1+’ for its certificate of deposits, and ‘Crisil AA+/Stable’ for its Tier II Bonds. This reaffirmation reflects the bank’s steady business growth, strong capitalization, and a well-diversified depositor profile, despite challenges in profitability due to ongoing investments. The bank’s funded assets have grown significantly, and it maintains a healthy capital adequacy ratio, providing a cushion against potential asset-side risks.
More about IDFC First Bank Ltd.
IDFC First Bank Limited operates in the banking industry, offering a range of financial services including retail banking, corporate banking, and treasury operations. The bank focuses on retail, rural, and MSME segments, with a strong emphasis on building a robust liability franchise through current and savings accounts.
Average Trading Volume: 1,378,365
Technical Sentiment Signal: Strong Buy
Current Market Cap: 564.5B INR
See more data about IDFCFIRSTB stock on TipRanks’ Stock Analysis page.